PESHAWAR: A technical fault at the Rehman Baba grid station on Friday disrupted power supply to over 72,000 households in Peshawar. This issue arose when protesters forcefully restarted feeders that had been switched off by the Peshawar Electric Supply Company (Pesco) for scheduled load shedding. Pesco reported that protesters entered the grid station around 2 pm, forcibly turning the feeders…
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Ginlong (Solis) Technologies, the world’s third-largest PV inverter manufacturer, has announced a strategic working agreement with TÜV Rheinland (Shanghai) Co., Ltd., the industry-leading research and testing body. This partnership brings together two leaders in technology and innovation, united by their vision for dedicated excellence in testing and certification. Strategic Alliance to Drive Continuous Improvement in Technology The partnership will see…
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ISLAMABAD: Starting July 1, 2024, the National Electric Power Regulatory Authority (Nepra) will implement a new electricity tariff structure, introducing fixed monthly charges ranging from Rs200 to Rs1,000 for domestic consumers. This adjustment, aimed at bolstering DISCOs’ revenue, will affect five residential consumer categories based on monthly unit consumption. Domestic consumers using 301-400 units per month will incur a fixed…
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ISLAMABAD: The government has once again sacked the boards of nine power distribution companies (DISCOs) in light of their significant fiscal losses, amounting to Rs589 billion this year. This marks the second time within a month that the Cabinet Committee on State-Owned Enterprises (CCoSOEs) has taken this action, following previous decisions thwarted by political pressure. Additionally, the government has designated…
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KARACHI: In May 2024, Pakistan’s power sector recorded its first increase in electricity production in seven months, rising by 3% year-on-year to 12,617 gigawatt hours (GWh). This growth was accompanied by a notable 10% reduction in fuel costs, largely due to a surge in hydel generation, which has zero fuel cost. Despite the reduction in fuel costs, electricity distribution companies…
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KARACHI: The Pakistan Business Council (PBC) has expressed serious concerns over certain budget proposals, fearing they will negatively impact the formal, tax-paying sector of the economy. The PBC criticized the government’s focus on significantly increasing the tax-to-GDP ratio without a corresponding reduction in government expenditure, arguing that it places an unfair burden on existing taxpayers. In a statement released on…
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Karachi The Sindh government, in its newly presented budget for the upcoming financial year 2024-25, has allocated a total of Rs 25 billion to fulfil one of the important election campaign promises of PPP Chairman Bilawal Bhutto Zardari. The promise is to provide free electricity to underprivileged power consumers in the country after coming into power. Sindh’s top authorities have…
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ISLAMABAD: Prime Minister Shehbaz Sharif has instructed the Power Division to formulate a comprehensive solution for resolving the longstanding receivables and payments between K-Electric (KE) and various government entities and departments. This directive came during a recent meeting addressing multiple power sector issues, sources told Business Recorder. The Power Division will work closely with the Cabinet Division and NEPRA to…
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PARIS: A staggering 2,000 children die each day due to health issues linked to air pollution, which has now become the second leading risk factor for early death globally, according to a recent report from the US-based Health Effects Institute. In 2021, air pollution contributed to 8.1 million deaths, approximately 12% of all fatalities, surpassing tobacco use and poor diet…
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We are excited to announce our participation in InterSolar Europe 2024, taking place in Munich, Germany. As a leading innovator in the solar energy sector, RedSolar is poised to make a significant impact at this premier event. Our dedicated team has been working tirelessly to bring you the latest advancements in solar technology, and we are eager to showcase our…
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